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Reciprocal Tariffs Effective 1 August: President Trump sent letters to 14 countries announcing new ad valorem duty rates—ranging from 25% to 40%—on imports, set to take effect from 1 August 2025.
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Executive Order Signed: An executive order signed by President Trump extends the suspension of reciprocal tariffs until 1 August 2025, delaying their implementation originally scheduled for 9 July 2025.
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